News

Michael Kors to focus on quality after sales dip

08/02/2017

Leathergoods brand Michael Kors reported revenue of $1.35 billion in the third quarter of the 2016/17 fiscal years, a 3.2% decrease on the same period last year. This came off the back of a 6.9% dip in comparable sales, a much larger drop than the brand had expected.  Retail sales increased 9.2% to $836.7 million, but this was driven primarily...

To continue reading this story, please sign in or register.